Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak goldean cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are on the weak Kijun’s support.
USD/JPY: dollar supported by Senkou Span B
Technical levels: support – 113.00; resistance – 113.60, 114.00.
- Buy — 113.50; SL — 113.30; TP1 — 114.00; TP2 — 114.40.
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are supported by Senkou Span B and may return to upper border of a Cloud.
Bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; a market is overbought and under the strong resistance of 0.8030.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the market is in correction phase.
USD/JPY has posted slight gains in the first half of past week as political tumult over Trump's obstruction of justice subsided…
Recommendations: BUY 0…
There's a "Shooting Star", which has been confirmed. So, the 34 Moving Average is likely going to act as support...